10th Feb 2025 08:57
(Alliance News) - Kosmos Energy Ltd said that its first liquified natural gas output has been achieved at the BP PLC-operated Greater Tortue Ahmeyim project, located just off Mauritania and Senegal.
The Africa-focused gas and oil exploration company said gas from the first stage of GTA began to flow from wells to a floating production storage and offloading vessel at the end of last year.
Gas is being processed at the vessel to remove any condensate, water and impurities.
The firm, which owns around 27% of the asset, said BP has given notice for an LNG carrier to arrive later this year to export the first LNG cargo. Kosmos said when this cargo is lifted it will start to recognise revenue and generate cash flow from the project.
Chief Executive Officer Andrew Inglis said: "First LNG is another major milestone for Kosmos, the GTA partnership and the governments of Mauritania and Senegal. We are looking forward to the accelerated ramp-up of LNG production and the first LNG cargo lifting during the first quarter."
Shares in Kosmos Energy were flat at 254.00 pence in London on Monday morning.
By Michael Hennessey, Alliance News reporter
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